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527 N Dixie Hwy 3,300 SF 100% Leased Retail Building Lake Worth, FL 33460 $1,200,000 ($363.64/SF)
Investment Highlights
- Two adjoining commercial mixed-use parcels sold together
- Combined lot area of approximately 9,583 square feet
- Existing nightclub/bar building with approximately 1,250 square feet
- Prime Dixie Highway location in Lake Worth Beach
- Three freestanding buildings offering multiple-use potential
- Two-story, 1,280-square-foot duplex configured as two one-bedroom units
Executive Summary
Unique mixed-use investment opportunity offered AS-IS and sold together as one package. The property consists of two adjoining commercial mixed-use parcels totaling 9,583 square feet, with three freestanding buildings and two separate electric meters.
The 527 N. Dixie Highway property features a freestanding, single-story nightclub/bar building comprising approximately 1,250 square feet, with two renovated bathrooms, electrical service, cooling, and rear and side parking.
The adjoining 523 N. Dixie Highway property includes a 1,280-square-foot, two-story duplex configured with two one-bedroom units and two bathrooms. Existing improvements include interior framing, cooling ductwork, and impact windows, providing an opportunity for the new owner to complete the project. Additional features include a spacious front courtyard, rear parking, and a separate garage/storage building with an efficiency area.
This distinctive property offers excellent potential for an investor, developer, or owner-user seeking multiple buildings and flexible mixed-use possibilities in a highly visible Dixie Highway location.
The 527 N. Dixie Highway property features a freestanding, single-story nightclub/bar building comprising approximately 1,250 square feet, with two renovated bathrooms, electrical service, cooling, and rear and side parking.
The adjoining 523 N. Dixie Highway property includes a 1,280-square-foot, two-story duplex configured with two one-bedroom units and two bathrooms. Existing improvements include interior framing, cooling ductwork, and impact windows, providing an opportunity for the new owner to complete the project. Additional features include a spacious front courtyard, rear parking, and a separate garage/storage building with an efficiency area.
This distinctive property offers excellent potential for an investor, developer, or owner-user seeking multiple buildings and flexible mixed-use possibilities in a highly visible Dixie Highway location.
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
3,300 SF
Building Class
C
Year Built
1955
Price
$1,200,000
Price Per SF
$363.64
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
2 Exterior
Building FAR
0.10
Lot Size
0.75 AC
Zoning
MU-DIXIE -MIXED USE DIXIE - This listing is a two parcel property. Mixed-Use Dixie Hwy (38-Lake Worth Beach).
Frontage
150’ on Dixie Hwy
Amenities
- 24 Hour Access
- Bus Line
- Courtyard
- Restaurant
- Signage
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $571,537 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$571,537
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527 N Dixie Hwy